German industrial production fell -1.3% MoM and -4.0% YoY in February, below expectations of a -1.1% MoM decline.

• The less volatile 3Mo3M comparison showed that production was 0.1% higher in the period from December 2024 to February 2025 than in the previous three months.
• The industries with the largest declines were construction (-3.2% MoM), food (-5.3% MoM), and energy (-3.3% MoM).
• Electrical equipment production saw the strongest increase at 3.3% MoM.
• Excluding energy and construction, production was down just -0.5% MoM.
• Capital goods production increased 0.2% MoM. The production of intermediate goods declined by -0.4% MoM and that of consumer goods by -3.0% MoM.